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2. Glossary of US mortgage terminology - Wikipedia

   en.wikipedia.org/wiki/Glossary_of_US_mortgage...

   Adjustable rate mortgage or ARM - A mortgage where the interest rate adjusts relative to a specified index + margin. E.g. COFI, LIBOR etc.; Hybrid ARM - An adjustable rate mortgage where the initial 'start' rate is fixed for some portion of time (3,5,7, or 10 years) thereafter the interest rate adjusts (yearly or bi-annually) based on the sum of a specified index + margin.

3. Mortgage Jargon in Simple Terms - AOL

   www.aol.com/news/2010-09-14-guide-to-mortgage...

   Obtaining a mortgage loan means dealing with a lot of paperwork, from the documents you have to submit to documents you have to read and sign. More often than not, you're dealing with terms and ...

4. What is a mortgage? A definitive guide for aspiring homeowners

   www.aol.com/finance/mortgage-definitive-guide...

   A mortgage is a long-term loan used to buy a house. Mortgages are offered with a variety of loan terms — the length of time to repay the loan — usually between eight and 30 years.

5. Mortgage and refinance rates for Jan. 22, 2025: Average rates ...

   www.aol.com/finance/mortgage-and-refinance-rates...

   Average rates for popular mortgage terms are inching in opposite directions as of Wednesday, January 22, 2025, with benchmark 30-year fixed rates edging lower, while 15-year rates move higher ...

6. Fixed-rate mortgage - Wikipedia

   en.wikipedia.org/wiki/Fixed-rate_mortgage

   The most common terms are 15-year and 30-year mortgages, but shorter terms are available, and 40-year and 50-year mortgages are now available (common in areas with high housing costs, where even a 30-year term leaves the monthly payments out of reach of the average family). In Canada, the longest term for which a mortgage rate can be fixed is ...

7. Loan-to-value ratio - Wikipedia

   en.wikipedia.org/wiki/Loan-to-value_ratio

   In real estate, the term is commonly used by banks and building societies to represent the ratio of the first mortgage line as a percentage of the total appraised value of real property. For instance, if someone borrows $130,000 to purchase a house worth $150,000 , the LTV ratio is $130,000 to 150,000 or ⁠ $130,000 / $150,000 ⁠ , or 87%.